Agreement to acquire RATP London
FIRSTGROUP PLC agreement to acquire bus operator RATP London FirstGroup plc (the ‘Group’) is pleased to announce that it has signed an agreement to acquire RATP Dev Transit London Limited and its subsidiaries (‘RATP London’) from RATP Développement SA (‘RATP Dev’) for an enterprise value of £90 million (the ‘Acquisition’). The Acquisition will see the Group enter the London bus market with a strong position and will further grow and diversify the Group’s revenue. RATP London is one of the principal bus operators in the capital, with a c.12% market share, comprising: